Aberdeen Group plc Boosts Stock Position in GlobalFoundries Inc. $GFS

Key Points

• Aberdeen Group plc increased its stock holdings in GlobalFoundries Inc. by 110.8%, owning 68,584 shares valued at approximately $2.53 million as of its latest SEC filing.
• Several hedge funds made significant changes to their positions in GlobalFoundries during the first quarter, with Nuveen LLC acquiring a new stake worth about $8.53 million.
• Averaging among analysts, GlobalFoundries has a rating of "Moderate Buy" with an average price target of $44.92, while some brokerages have adjusted their individual target prices downwards.

Aberdeen Group plc increased its position in shares of GlobalFoundries Inc. (NASDAQ:GFS - Free Report) by 110.8% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 68,584 shares of the company's stock after purchasing an additional 36,043 shares during the quarter. Aberdeen Group plc's holdings in GlobalFoundries were worth $2,531,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. E Fund Management Co. Ltd. lifted its holdings in shares of GlobalFoundries by 113.6% during the first quarter. E Fund Management Co. Ltd. now owns 14,017 shares of the company's stock worth $517,000 after purchasing an additional 7,456 shares during the period. HighTower Advisors LLC acquired a new stake in shares of GlobalFoundries during the first quarter worth about $463,000. Nuveen LLC acquired a new stake in shares of GlobalFoundries during the first quarter worth about $8,525,000. Invesco Ltd. lifted its holdings in shares of GlobalFoundries by 6.9% during the first quarter. Invesco Ltd. now owns 2,491,747 shares of the company's stock worth $91,970,000 after purchasing an additional 159,936 shares during the period. Finally, Mitsubishi UFJ Asset Management Co. Ltd. lifted its holdings in shares of GlobalFoundries by 12.2% during the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 42,942 shares of the company's stock worth $1,585,000 after purchasing an additional 4,655 shares during the period.

Analyst Upgrades and Downgrades

GFS has been the subject of a number of research reports. Morgan Stanley decreased their target price on GlobalFoundries from $38.00 to $35.00 and set an "equal weight" rating for the company in a report on Wednesday, August 6th. Arete Research set a $37.00 price target on GlobalFoundries in a research report on Wednesday. Arete upgraded GlobalFoundries from a "sell" rating to a "neutral" rating and set a $37.00 price target for the company in a research report on Wednesday. Argus assumed coverage on GlobalFoundries in a research report on Tuesday, July 1st. They set a "buy" rating and a $52.00 price target for the company. Finally, The Goldman Sachs Group assumed coverage on GlobalFoundries in a research report on Thursday, July 10th. They set a "neutral" rating and a $40.00 price target for the company. Six investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, GlobalFoundries currently has an average rating of "Hold" and an average price target of $43.79.

GlobalFoundries Stock Performance

GFS stock traded up $0.16 during trading on Wednesday, hitting $33.97. 1,852,780 shares of the company traded hands, compared to its average volume of 2,979,118. The stock's 50-day simple moving average is $37.28 and its 200 day simple moving average is $37.30. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.63 and a quick ratio of 1.92. The company has a market cap of $18.78 billion, a PE ratio of -161.75, a P/E/G ratio of 1.10 and a beta of 1.50. GlobalFoundries Inc. has a 1 year low of $29.77 and a 1 year high of $47.69.

GlobalFoundries (NASDAQ:GFS - Get Free Report) last posted its quarterly earnings data on Tuesday, August 5th. The company reported $0.42 EPS for the quarter, beating analysts' consensus estimates of $0.36 by $0.06. The business had revenue of $1.69 billion during the quarter, compared to analysts' expectations of $1.68 billion. GlobalFoundries had a positive return on equity of 6.55% and a negative net margin of 1.68%.The business's revenue was up 3.4% compared to the same quarter last year. During the same period in the previous year, the business earned $0.38 earnings per share. GlobalFoundries has set its Q3 2025 guidance at 0.330-0.430 EPS. On average, equities analysts expect that GlobalFoundries Inc. will post 1.31 earnings per share for the current fiscal year.

GlobalFoundries Company Profile

GlobalFoundries Inc, a semiconductor foundry, provides range of mainstream wafer fabrication services and technologies worldwide. It manufactures various semiconductor devices, including microprocessors, mobile application processors, baseband processors, network processors, radio frequency modems, microcontrollers, and power management units.